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ABC Company borrows money on April 30, 2016, by promising to make four payments of $27,000 each on November 1, 2016; May 1, 2017; November
ABC Company borrows money on April 30, 2016, by promising to make four payments of $27,000 each on November 1, 2016; May 1, 2017; November 1, 2017; and May 1, 2018. (PV of $1,FV of $1,PVA of $1, andFVA of $1)(Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.)
1.How much money is ABC Company able to borrow if the interest rate is 2%, compounded semiannually?
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